>> all right. simon. >> long going into since you brought -- over coach, that -- >> steve. >> tbf. that does it for us. power starts now. halftime is over. "power lunch" and the second half of the trading day starts right now. >> good afternoon, you have been. all you can say about this wacky tuesday is wow. stocks across the board, we're off our highs for the day, but this is nonetheless a serious rally. we are talking about finding value in this market. we're going to direct you to some. speaking of value, look what's rising in price. the value of your home probably up. a key report out this morning on the great american housing market. 20 cities, each one of those cities higher in price compared to a year ago. we're hearing a lot about the

dire straits of the states from coast to coast. until now, get this, california has a surplus, and they're not the only ones. what happened? what's it mean for munis, among other things? first, let's check in with sue down at the nyse where the big rally is taking place. >> sure is. very broad-based. let's look at the numbers right now. it's been a stellar way to start the week. the dow jones industrial up about 152 points just shy actually just above 1% gain. s&p 500 up already 1% or 15 points, nasdaq is up better than 1%. 39 points to the plus sigh. the russell 2000 up 1.6%, up 15 points. overseas, not to be left out. we had some very decent percentage moves in the ftse. the nikkei and shanghai composite, finishing -- in terms of the precious metals, gold

giving back a bit. we see the same thing in the silver market. copper is on the up side. that's pleasing to some of the bears who were worried about the global growth scenario, a bit of a rebound in copper is certainly welcome today. brent crude is straiting up, the ten-year note moving to the down side, which means the yield is moving to the up side. rick santelli will tell us more about that in a few minutes, first to the trading action here. josh lipman is with me. good to see you. >> hi, sue. get back to work and risk is back on. like you said, the dow is off session highs, but still up stront. listen, home prices better than expected. consumer confidence better than expected, reaching a post-recession high s traders will tell you why fight

tuesdays? you're up today it will be 20 consecutive tuesdays. if you look under the hood, see the sector performance, financials, moody's analysts there, the outlook on the u.s. banking system take from stable to negative. to the banks, health care it is behaving well. m. & a headlines providing a boost. utilities t. last week they had the worst week of the year. that continues. we see the rotation into cyclicals. >> thank you, joch. rick santelli in chicago, because we have a lot of bond auctions and note auctions this week, first ones going off the boards. rick, how does it look? >> you know, yields moving to the up side is a mixed bag. that seems to be the case. we gave it a "d." 0.283 was the yield. 28 basis-point big offered at

27 1/2, but here's some of the nasties. 3.72 a ten auction average. this came in at 3.04. i'm really scanning, it looks like that's the weakest bid to cover since about february of 2011. here's the kicker. dealers took 65.5% of the auction, so in terms of demand right at auction time, not good. let's see what action we see in the secondary market. sue, back to you. >> we'll be checking back with you in just a little bit for more. thanks, rick, so much. now to the nasdaq, bertha coombs is following the movers there, and there's a lot of green. >> in fact, sue, the nasdaq working on its own winning stream. ten weeks in a row the nasdaq has been up on tuesdays, as things switch around yahoo started off if the green on reports it's in hunt for hulu, but coming off the highs, just fast-breakally lower.

net flex lower dada. they behave we haven't done any numbers on how much was screened. meantime, a rival in the streaming area, amazon, part of that big tech move to the up side. google and microsoft in terms of impact are providing the biggest in terms of the best sectors performing. it's the chip sectors. we have highs today for micron and xyl -- and tyler, whole foods, costco and kraft. back to you. >> berth bertha, thank you very much. look at whole foods. now to housing, gains soaring to six-year highs. and diana olick has the details. >> well, that's right, tyler, final in the double digits on all three of the s&p case shiller indices. and top ten and 20 markets

respectively, and up nationally in q1. now, while these prices are national, you have to understand it is all very locally. phoenix continues to lead with home prices up 22.5% from a year ago, followed by san francisco and las vegas, each also up over 20%. new york, cleveland, and boston posted the weakest price gains as a large backlog of foreclosures continued to plague those markets. only minneapolis and new york saw prices fall for february to march, while chicago and cleveland were flat. still, all again in the positive annually, so you have to ask, are these price gains driving the economy? well, maybe, maybe not. >> when you look at this, buying and selling existing homes is very nice, we all feel good. it doesn't add anything to gdp. >> blitzer also notes that single family home construction is still very low with most of the gains in multifamily

apartments. very few people, he says, are cashing out home equity and spending it. cash flow is flowing into companies that support housing, everything from whirlpool, to ford trucks, big banks, mortgage insurers, and finally even the retailers. >> stocks have been soaring after the new data on housing. rising in may to the highest level in five years. there you see the industrials, the s&p, and the nasdaq with very sweet gains. but after a big move already, can you still find value in this market? jerry castellini is manager, and the president of equity investments at usaa. welcome, gentlemen. jerry, can you characterize a market as healthy if it is so dependent as it seems the markets are today on central bank money? isn't that a weak spot? >> boy, you would -- you would

think it was, or you could think of it as being a weak spot, but tyler, think about stock markets, and you've been in and around this as long as many of us have. you can get a great market that would come from technicals, just on liquidity, you can get a great one on a cyclical recovery, or flows of stocks verse bonds. we have four or five of those things at our fingertips right now sitting underneath this market. all we have to fight it is the notion that central bank easing is a negative. the reality is that central bank easing we're focused on and worried about has yet to really gain traction and real economy. that's ahead of us. that's what's going to happen over the next 6 to 9 months most likely, and you'll see earnings and gdp revisions that will come from it. that just sets you up for probably another two good years of equity gains. i should add --

>> finish your thought. from a technical standpoint, a lot of people would buy any breakout to all-time highs. we're at a 14-year breakout. i throw that on top of it. this is a remarkable time to be investing in stocks. >> saif, do you see it as he does? >> not exactly. jerry is right that the market is breaking out to new highs, but i would respectfully disagree that it isn't being driven by the central banks when you look at the -- the stocks are doing great, feels like a teflon market, nothing is really sticking except anything that will push it higher. bad news that had been coming out over the past couple weeks was easily shall rugged offer, the only thing that caused market that pause was the fear of tapering or any slowdown in the quantitative easing that may be coming through going forward.

so while the fundamentals may be improving in the economy, they're still a very low levels from where we were at the peaks of the prior cycles, and stock earnings are not really as strong as what you would imagine, because the margins are still under pressure and the revenues are coming down. so we think, you know, this is largely being driven by quantitative easing. it's a good thing. it may eventually seep boo the economy, but it hasn't happened yet. >> i want some specific investment ideas. before i go back to jerry, wasif, you have a somewhat cautious view that the market is more vulnerable to the removal of that monetary easying. that being the case, where should i put money right now, today? >> so there is cautiousness about the removal of the monetary policy. we don't think that's going to

happen. what will hall is the signs or symbols of that -- so during the summer you will get a correct that will be a buying opportunity. we think they're the globally oriented -- so inferring, i.t., materials, industrials. they've all underperformed some of the domestic oriented stuff like staples and utilities. we think that rotation is coming. >> let me run back to jerry and pose a similar question there. given your hypothesis about the market, and you say we probably have at least two more years to run, probably in the fifth or sixth inning of this already 4 1/2 year bull market. where would you be investing today? >> well, let's just get one thing clear. the greatest thing the market could have happen to it would be for the fed to taper. the greatest possible thing would be the fed seeing so much

evidence that the economy can now stand on its own two legs and grow and see normalized recoveries in housing, autos, in all the areas that having somewhat pumped thus far. if that happenedened a the fed was able to pull back, i think you would see 20% to 40% higher earnings, and in names let's go specifically. the stuff that people have ignored so far. the, quote, riskier place in the stock market and the economy, areas like financials, which have done well, but have a lot further to go. >> all right. >> and then finally energies easily probably the most powerful of all of those movers, because those stocks have yet to move off the current price levels. >> on that one, you and wasif agree. i can't let you go without congratulations to the san antonio spurs, your team. >> thank you. >> for winning the series last night. gentlemen, thank you very much. to courtney with breaking news about u.s. authorities busting a billion

money-laundering scheme. we're waiting for the u.s. attorney in the southern district of new york to make a statement. for now we'll settle for courtney reagan. >> thank you very much. it could be the largest prosecution in the history, and charges will be announced any moment in new york city. the u.s. district for the southern district of new york holding a press conference to detail charges against seven individuals in a company of liberty reserve. authorities allege that they facilitated criminal activity for processing at least 55 million illegal transactions for at least 1 million users worldwide, totalling $6 billion in proceeds from illicit activities over seven years. so far arrests have been made in spain, costa rica and new york with the help of law enforcement action in 17 countries. on friday they arrested arthur

budovsky in spain. costa rican authorities have raided eight locations associated with liberty reserve. the web side went off last week, a notice now says it has been seized by the global illicit team. for four others have been received. according to the indied they used third-party exchangers to facilitate the transfers. kind of lie paypal for criminals. liberty reserve is allegedly a currency system favored by cybercriminals. you only needed a name, address and birthday, about you no actual i.d. authentication. stimplts we are monitoring at the news conference. and the stock is up.

on strong revenue and same-store sales. even though the -- the street liked it, its up 4.1%. tesla moving above the $100 a share mark for the first time ever. it's up 7.3%. this after some positive comments from goldman sachs, which hosted a field visit to visit the facility in fremont, california. the stock is up better -- >> it's tuesday. we have upgrades and downgrades. did the analysts get the calls right? we're analyzing. at what point will the bow brouh break? ♪

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shares soaring as you see there. the company buying barb bausch and lomb. it's seeking to increase its portfolio. shareholders can see clearly today, ty. another acquisition to report as well. astrazeneca to buy omthera pharma.

both stocks are up smartly on the news with omthera pharma up almost 100%. astrazeneca up 1.6. >> 100 in a day? i aye aye. first up, jim, goldman sachs upgrading truia. expecting strong fundamentals driven by improving housing demands. up about 80% over the one year, do we like it? >> i don't really love it. i think baked in is the supposition there's room for two big players. the market has told us over the year that pzillow is the big brother. >> i got to tell you, if they've

been neutral and now they tell me, i guess i don't feel all that comfortable about it. >> amen to that. >> bimo capital, to market from whichy underperform, raising the target. also increases targets, saying the opportunities remay despite the recent rally. what do they we? >> this call i don't dislike, because think cite the recovery, which i believe in the recovery. they also cite a regulation that could potentially move more shipping from trucks to rail. i like that story as well, too. i like the call despite the fact that it's had a huge rally. a little more juice in that orange. finally jeffries upgrading merck to buy. the firm says merck is above the best restructuring play in the

world, as investors in the pharmaceutical business underperforms. going to be forced to restructure, up 28 over the past year. what do you think of this call? >> well, i actually have some merck on still, but i don't even -- i don't like the call in spite of that. think about another thing we haven't considered. three weeks ago the ten-year treasury was trading 1.6, now about 2.13. one of the reasons we loved these health care stocks is because of those generous dividends. that dividends has just been diminished based on the safe return. that might be something that causes some weakness in that. >> jim, thank you very much. see you later in the week. >> sue, down to you. ty, coming up, chinese hackers going way beyond a pentagon red line, taking blueprint for some of america's most important and sophisticated weapons. what happens next? simon hobbs on the caribbean cruise ship "fire" 2000, right?

2,000 vacationers? >> yes, when the flames began to burn, many are being flown back to baltimore as we speak. how much more can this industry take before fewer people simply sail? that's next on "power lunch." they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. both tylenol and bayer back & body

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but why you would want it is not. the 2014 e-class, see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. it is one problem after another for the cruise ship industry. royal caribbean setting up flights for passengers to return home to baltimore after one of

its ships caught fire on cruise. simon hobbs, who follows this industry, you've had a busy quarter. >> far too busy. if you remember first it was carnival with the almost unending stream of marine incidents. now it's royal caribbean deals with the aftermath of what is effectively the second major fire at sea for the cruise industry. the blaze broke out on board the "grandeur of the seas." they were -- the fire took two hours to extinguish and passengers remained at that emergency posts for another two hours until dawn. you can see there's substantial damage to several decks at the rear of the ship. royal caribbean says all passengers are accounted for. because the ship never lost power, it was able to sail itself into port, albeit with no air conditioning and reliance on

bottled waters. the passengers are due to start arriving about now on baltimore on the fleet of 11 planes specially chartered by rcl. the question now for investors is whether this bad pr will force rcl to cut prices and therefore margins for the cruises in order to keep its ships full. that's exactly what mickey airsen has been done at rival carnival. >> over the weekend my son wanted to watch "titanic." so thinking of the cruise business. >> no one hurt this. in "titanic" they were. >> yes, yes. this will caught a lot of outrage and probably some alarm as well. reports say chinese hackers have compromised critical parts of america's military. this sounds extremely serious.

>> it is. "the washington post" is reporting this morning that u.s. officials have concluded that the chinese have compromised some high technology plans for some of the america's most sensiti sensitive. also some of the nation's most sophisticated and expensive fighter jets as well as a high-tech new navy ship that are on that list. speak to reporters on air force one today, reacting to the story, white house spokesman jay carney said that cybersecurity is a key concern for the united states. it will be a topic of discussion when president obama meets with chinese president xi jinping in june. you can reverse engineer them, and find ways to defeat them and find out ways to build your own

equivalent of this high military technology. >> thank you, eamon. >> you bet. the death of a prominent private wealth manager at a major fund is shaking investors' confidence, because there are reports of missing money. that's straight ahead on "power lunch." plus the golden state is back in the black. california actually reporting a budget surplus you know it was $60 billion in the red just three years ago. with more states getting their fiscal house in order are muni bonds better than previously thought? we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades

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president obama is tour asbury park, new jersey. they are down there at the new jersey story after sandy caused billions of damage. he's touring the rebuilding effor efforts. sharon epperson is tracking it for us, gold is down about right now, we've seen gold in about a $30 range in this session.

we did get up to the 1400 level, but unable to sustain the gains at that level. for a goal to get above in order to do upward momentum. we also will keep an eye on these forecasts that come out. jpmorgan the latest to slash its forecast. >> thanks, sharon. triple-digit gains on the dow jones industrial average. we're off our best levels, but a strong broad market rally today. josh rejoins me now on the -- >> and off the session highs, but still strong up triple did you get 124 points. in terms of what's working today, financials in part, especially the brokers, td ameritrade and schwab in part, as more retail investors will get involved. health care another sector -- and finally bob pisani has been

talking about the interest rates sensitive sectors, though those two in the red today. >> >> thank you josh. joining us is steve grasso and art cashing. great panel for today's trading session. good to see you guys. >> good to see you, sue. what do you make of this markets? there are a lot of things that feel very positive today. >> there are a lot of things, but still in a wait and show-me stage. these are sensitive levels. if we close above that, that's very bullish, kell with make that run at 1700, but you have to look at what we saw last week. last week it was a little more flexible to the down site, but we held. that's the important thing. >> what are you watching, art? steve gave us the perfect segue. there were technical levels. some of the data was very mixed.

we had a lot of volatility last week. >> we did, but you recall thursday we were talking, one of the guests said something about friday, and i said don't worry about friday. it's a friday before a three-day weekend, the bias was up. the day after we have a bias to the up side. the market's become a little shaky after that auction at 1:00, and i think they were very disappointed at the very small level of demand, and it kind of reinforced their concerns. i think this rally has been pretty much a sigh of relief about the volatility in tokyo calming down, and that's kind of a reminder, seeing that that rally -- that that auction didn't go that well. >> you also have to look at the two things that have kept this market rallies. chairman bernanke, and europe. europe is getting better, bernanke has said he's doing whatever he needs to have done, he will be there to do it. same way that draghi took a page

out of the his notebook. it's a collective sigh of relief. they're doing everything they can to keep this market on track, but the truth is how long does that make the bullish case justified? what worried me last week is when we had a couple people say traditionally we would like to see an 8% to 10% correction. that kind of raised a red flag in my mind. it almost sounded like the "it's different this time" mantra. do you agree with that? >>. >> i think that's absolutely correct. >> this year you sold in may and went astray. have not done things very well. so i think some of those things do give you caution. >> we were clearly over bought. >> you have to look at this

marketplace, it's still skittish. if there's a hinge that any of this monetary easing will take a pause or a bit of siesta action you have to get out of the marketplace. it won't be a mass exodus, but i think you'll see a slow deterioration. if you have some profits, lock them in. >> perfect place to leave it. thanks, guys. really proficient it. to bertha coombs. hi. josh talked about health care overall today. it's really been about health care and small caps. small caps at the nasdaq. health care in terms of biotechs up nearly 2%. take a look at some of the lead serious among the small-cap names. they've been moving up, a lot of talk about acquisitions have fueled this. but as much as they have done well, some of the big caps have started to catch up. sue, the big names are google, microsoft, cisco, no apple in that bunch.

>> no, absolutely. thank you, baer that. to the bond 345rk9, rick santelli tracking the action. we saw it go back up in rates. >> it's not the panacea, and at the end of may, beginning going back to about the third week in -- boiling point on 212. above about 209 what gave it a turbo charge? or 10:00 in consumer confidence number was off the charts. the problems, say some traders, there isn't a column for consumer confidence on your gdp reports. sue, back to you. >> thanks, rick. rick, thank you very much.

airlines moving mostly lower on news the obama administration has proposed raising the taxes on air travel by about $14 a flight. the airlines are opposing the tax saying it will hurt the industry and our economy. saying the chemical maker will benefit from a rebounding construction market. nike cutting ties with the livestrong cancer charity founded by lance armstrong who admitted he used performance-enhancing drugs to win the tour de france seven times. the death of a prominent private wealth manager at invesco roils the texas community and society in the lone start state. we'll have the details when we come back. ♪

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billion three years ago is now in the black and it's not alone. some 47 states have shown a budget increase. what does it mean for muni bonds? peter hayes is head of the blackrock municipal bonds group. welcome to "power lunch" today. >> thank you, sue. nice to be here. >> are you surprised by this development? >> i would say not surprised. i say that's probably true the other side is the spending side. i think that's the good news going forward. because of that, i think the market is really pricing in the better budget and fiscal situations that we have seen, clearly reflected in current bond prices. maybe today is a bad example. nonetheless in general the muni markets reflected better state budgets. >> there were worries about

certain parts of the market, specifically in relationship to california because of the stock situation and things like that. does this create a better environment for the muni bond market in general? >> it doesn't. places like stockton, which is in bankruptcy and probably won't emerge for a number of years, it's pretty complicated. you may see more of those towns on the periphery, also have to file bankruptcy to get out from under some fixed costs, but clearly news like this trickle down to even local governments. they're going to take back some of the cutbacks and give some monies back, which would ease the stress. that makes the entire market feel a bit better. >> does it lessen the burden at all if some of the legacy issues, you know, some of the pension and benefit issues that california and other states have had? >> it helps with the revenue side, because local governments

depend on state aid to a large extent, and to some degree property tax collection, so clearly that part will help. unfortunately it's not going to help a lot with the pension problem. that's the fixed costs i alluded to earlerier, some things that were put in place when they thought the housing market was going to go up forever. it's going to take time to work out from under those. >> all right. peter thank you so much for joining us. we really appreciate it. >> great to be here. tyler, up to you. thank you, the yahoo finance question of the day, is there still value in the stock market? 43% say yes, 34% say i'm cautious and waiting, and 23% of you say no, time to get out. let's see what's coming up on "street signs." mandy? >> top of the hour it's a zombie

stock-alypse. the current zombies, we'll ask which may rise from the dead next year. the u.s. oil boom is creating even bigger rifts in opec. who will hold the oil power in the future? what does it mean for prices we pay? what will samsung be unveiling. ? why it doing unveiling in london? we have a segment for all those tech geeks up there. back to you. we'll see you then. thanks, mandy. a prominent manager is dead. his name is mark powell. he managed money for atlantic trust private wealth management, part of invesco. invesco announced plans to sell that unit to the imperial bank of commerce. kayla tausche is working on that story today, and so is "wall street journal's" shelley vanjo who joins us. shelly, how much money do we think has gone missing? >> it's really ary days in the investigation into this, but at

least multiple millions is what we've been told. there's dozens of people embroiled, and investors that are kind of coming together checking out their legal options and wondering where some of that money is. >> do we think it's a sizable amount? >> all wufgt it multiple millions. that's what we are working with. we know it's big enough for some of these pretty prominent investors to hire legal representation, and start forming a group. it's big enough for invesco to report to the authorities, but we don't have a specific number yet. >> kayla, you've been watching on a cause of death. invesco just said that he had died. >> it's interesting that these investors came forward in the weeks after mark powell died. may 16th. several weeks have passed since then. we did speak to a source close to the powell family who said immediately prior to powell's

death, he was phoning close family friends the content of those conversations still unclear, but it does appear it was a very sudden event, seemingly so, because he was on the phone with some of these family friends immediately before he did pass away, sue. >> all right. kayla, we also know that he was very popular and very successful. he was ringing the closing bell here at the new york stock exchange at one point. what do we know now about this deal, the fate of the atlantic trust to cibc, which was announced about a month or so before he passed. >> exactly right. that was announced on may 11th. he died on may 16th. it's unclear on what led to his death. now, of course, according to the company they say that over the course of recent weeks they were made aware of outside business that powell was doing outside of his work with atlantic trust. i spoke to a couple sources at the company, high-ranks sources who said there's been no

internal communication about the cibc deal and no indication as of yet that it could fall apart or would be at risk because of these allegations, but at this point it does appear those dealings were separate from his official business at atlantic trust. >> sally, put in perspective what type of figure mr. powell cut. he's been seen with the governor of texas, with a lot of society people, can you put that in perspective for us? >> sure, mark powell certainly ran in wealthy circles. his kids west to westlake high school in austin. for most people around the country, it's a public school, but pretty elite. really nice area of west austin. lived in a $3 million home, served on the boards of a number of charities. helped found a couple golf clubs, a member of multiple golf clubs. his father, boone powell jr. was the held of the baylor health system for 20 years or so here

in dallas. he came from a big prominent family that was known quite around the state. rick perry even attended his funeral. >> thank you, ladies. appreciate it. an intriguing story. we look forward to details from you. >> sue, another cruise line fiasco. what will it take for people to stop cruising? that's part of our rundown when "power lunch" returns. the dow jumped over the moon, now the dow coming back to earth a bit. it was down below that triple-digit level, but right now is higher nonetheless a 15,405. tdd#: 1-800-345-2550 opportunities are waiting to be found in faraway places.

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all right. let's check the dow jones industrial average. even though we have a gain of just under 100 points, we are about halfway off of our highs of the trading session, so that's something that bears watching. the s&p 500, which was up better than a full percent is now only up half a percent. the nasdaq composite is now up about 0.7 of a percent. also some that bears watching is the transcripts, only up 44 points. they were up almost triple digits earlier today. >> sue, thank you very much.

it feels like a monday, but it is tuesday, folks. what did you call yourself? the poor man's robin -- >> new housing data shows prices in 20 cities. will the stronger numbers lead the economy to greatest heights? >> here's the question on the housing recovery. is it a demand driven recovery that will benefit most of americans? or is it an investor driven recovery that will benefit the visitor class. a lot of houses are being purchased by blackstone, and this week we learned that china, the sovereign wealth fund may start purchasing houses with its -- >> individual properties? >> yes, with the foreign currency. so i think a lot of this is investor driven. it gives me pause on how strong this really is. >> cindy, you realize the prices, even though they are up at the highest pace, they're still about 30% below the peak? >> that's a really good point,

the most important appoint. we're not there yet. i think we're just starting to get back to a little more normal, kind of seeing the early signs of it. but you're looking at most of the sales happening in existing homes. the think that will help drive the economy will be new home sales. >> back to 2003 in terms of levels. let's go to another happy story here. the cruise industry, another pr nightmare for that industry, royal caribbean ship burst into flames at sea near the bahamas. have you ever been on a cruise? >> i was on a cruise once, and it's because i love my mother. i'll tell you something, i was completely shocked at the absolute lack of security on it. i mean, we had the drill, which was basically we all mulled around a room, i couldn't hear anything. i'm the person on the flight that's listening intently. so i think the real problem is a lot of these are registered internationally. there's no regulation. there's one guy that runs a

called cruise junkie.com, and he's as close to a regulator as they have. >> it took them close to two hours to get it under control. >> i always wonder why the wealthy owned yachts, and now i know. >> when things go wrong, all those thousands of people -- so yeah, they have a lot of changes -- >> i'm kind of tempted, because the prices are gooding to come down, and maybe i'll get a deal. finally rutgers is standing behind the new director despite accusations of accusations when he was coach of the women's volley ball team. let's play a clip of her making a reference apparently to her hope that one of her assistance does not get pregnant and disrupt the season for the volley ball team. let's listen.

>> not to come back can my surprises. >> that was apparently at a wedding where she was being videotaped. you know the prior basketball coach at rutgers was fired for being, shall we say, insensitive, overly aggressive. is she the right person for this? >> you know, what bothers me is her reaction to these two scandals. one is these female players saying that she was too abusive. and -- she said i'm sorry they were disappointed and there's a difference between an intense coach and being abusive. her response to the video, is there a video? i can guarantee you there's no video. that was the wrong thing to say. what she should have said, you know, i made a mistake, it was a long time ago, it will never happen. >> it's a close call here. i'm sure pat summitt, the

greatest basketball coach many say ever, male or female, i'm sure she had her prickly moments. >> it's not a close call for me. she was brought in to turn things around at might i say a public university. so here's what i want to see. i want to see chris christie get as tough on rutgers as he is on the cast of "jersey shore." well said there, the thinking man's robin leach. a monster rally for stocks. it's becoming a less of a monster. not quite a chia pet yet, but we'll have the winners when we come right back. mine was earned in djibouti, africa. 2004.

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well, on the surface, this looks like a pretty decent gain of 97 points. given where we were earlier this morning, we've lost considerable strength in the dow jones industrial average. we are you have 97 points, two thirds of a percent gain. the s&p is up a half percent, the nasdaq is up almost 0.75%. the dow transports, which were up close to triple digits now up, you can see from that chart

it's really fading. part of the reason may be the backup in yields. on the ten-year note. some of the biggest win, tiff any, lincoln finance the ty, see you back at the ranch. >> safe travels on your way back. that will do it for today's edition of "power lunch." >> we'll see you tomorrow. "street signs" begins now. zombie stock-alypse. four companies that are alive and kicking, yet this year why the turn around and what names may be next year's bargains? housing stays hot. the consumer continues on the comeback trail. some of the big numbers you've got to see, an you will. why obama care may have you at your local pharmacy a lot more. we work too much, america. the